Australia and Oceania: Grain Market 2024

Grain Market Size in Australia and Oceania

The grain market in Australia and Oceania shrank to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then declined in the following year.

Grain Production in Australia and Oceania

In value terms, grain production shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Australia (X tons) constituted the country with the largest volume of grain production, accounting for X% of total volume. It was followed by New Zealand (X tons), with a X% share of total production.

From 2012 to 2022, the average annual rate of growth in terms of volume in Australia stood at X%.

In 2022, the average yield of grain in Australia and Oceania amounted to X tons per ha, picking up by X% compared with the previous year. The yield indicated a moderate increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain yield increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the grain yield hit record highs in 2022 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of grain were harvested in Australia and Oceania; with a decrease of X% compared with the year before. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha, and then reduced in the following year.

Grain Exports

Exports in Australia and Oceania

In 2022, shipments abroad of grain increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports posted a perceptible increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, grain exports soared to $X in 2022. Over the period under review, exports saw a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Australia (X tons), together accounting for X% of total export.

Australia was also the fastest-growing in terms of the grain exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest grain supplier in Australia and Oceania.

In Australia, grain exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Grain Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of grain increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, grain imports skyrocketed to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

New Zealand represented the major importer of grain in Australia and Oceania, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Papua New Guinea (X tons) held the second position in the ranking, distantly followed by Fiji (X tons). All these countries together took approx. X% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the grain imports, with a CAGR of X% from 2012 to 2022. At the same time, Papua New Guinea (X%) displayed positive paces of growth. New Caledonia experienced a relatively flat trend pattern. By contrast, Fiji (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Fiji (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported grain in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Fiji ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

In New Zealand, grain imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Fiji (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Fiji ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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